Yes. Are you fking crazy? Looking for alpha from a company who doesnt know how/deliberately fudge their accounting? Stick to crypto degen projects
Super Micro Computer: EY Gives Up, But Should Investors?
Super Micro Computer has plummeted after news EY resigned.This is a huge red flag and raise even more doubts over SMCI's accounting.The next two weeks will be filled with catalysts that will make or break the stock.The company will have to change a lot in order to regain investor confidence. Three Images Thesis Summary Super Micro Computer plummeted 33% after news of its auditor Ernst & Young resigned came out on Wednesday the 30th. This has been enough to scare a lot of investors away. We can’t deny that things don’t look great for SMCI here. In my opinion, we should at least expect a slight adjustment to their recent earnings releases, though we won't know anything for sure until their next release. Despite the recent collapse in the price, SMCI is still up in the last year, just about. There’s a real business profiting from AI here, but is that going to be enough to change the stocks’ faith?
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